Senior Cre Closing Administrator

Summary

Join Banner Bank as a Senior CRE Closing Administrator and play a crucial role in documenting and closing commercial real estate loans. You will be responsible for preparing documentation on complex transactions, mentoring junior staff, and ensuring compliance with regulations. This position requires a Bachelor's degree, 6+ years of experience in commercial real estate banking, and strong analytical and communication skills. You will collaborate with various stakeholders, including relationship managers, borrowers, and legal counsel. Banner Bank offers a competitive compensation package, including comprehensive benefits, paid time off, and professional development opportunities.

Requirements

• Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered)
• 6 or more years of experience in commercial real estate banking required
• Ability to analyze loan documentation and verify compliance with credit approval
• Knowledge of credit policy and procedures
• Ability to work directly with outside counsel negotiating loan documentation in accordance with credit approval
• Possess strong verbal and written communication skills. Demonstrated analytical ability. Proficient in Word, Excel, and spreadsheet software
• Extensive understanding of AIA documentation and budget balancing requirements
• Knowledge of federal and state laws and regulations relating to residential and commercial real estate lending

Responsibilities

• Responsible for accurate and timely preparation in documentation on complex real estate transactions including review of collateral and preparation of appropriate security agreements
• Responsible for mentoring and training new closing administration staff
• Performs updates to the system of record on new loans, existing loans, and modifications
• Responsible for reviewing appraisal and preconstruction evaluation on new construction and development loans. Balance through evidence of pre-paid construction costs prior to loan closing
• Administers loan disbursements in accordance with loan administration policy and guidelines
• Partner with third party inspectors to identify, evaluate and elevate any issues regarding construction budget and construction schedule
• Oversees and manages loan files to assure accurate reports, statements, and accounting information
• Assist in establishing and maintaining lien perfection on various collateral
• Responsible for complying with policies, procedures, security requirements, and government regulations

Benefits

• Targeted starting compensation range is based on location and experience: $74,502 - 104,303
• Incentive and commission compensation may be awarded for eligible roles
• Comprehensive employee benefits, including medical, dental, vision, LTD, STD and life
• Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays
• 401k (up to 4% match with immediate vesting)
• Tuition reimbursement up to $5,250 annually (minimum service requirement)